RiverPark Institutional now $100K minimum... Just noted: "RIVERPARK LOWERS MINIMUM INVESTMENT ON INSTITUTIONAL SHARES OF ITS MUTUAL FUND FAMILY TO $100,000 FROM $1 MILLION"
http://www.riverparkfunds.com/downloads/News/RiverPark_Lowers_Institutional_Share_Class_Investment_Minimums.pdfFor those who didn't want to pay the Schwab fee, it seems the RiverPark folks have made the Institutional shares somewhat easier to reach if you buy the shares directly from RiverPark.
RPXIX RiverPark Large Growth Fund Class Institutional
RPXFX RiverPark Large Growth Fund Class Retail
RLSIX RiverPark Long/Short Opportunity Instl
RLSFX RiverPark Long/Short Opportunity Retail
RPHIX RiverPark Short Term High Yield Fund Class Institutional
RPHYX RiverPark Short Term High Yield Fund Class Retail
RSIIX RiverPark Strategic Income Fund Institutional Class
RSIVX RiverPark Strategic Income Fund Retail Class
RSAIX RiverPark Structural Alpha Fund Institutional Class
RSAFX RiverPark Structural Alpha Fund Retail Class
RGHVX RiverPark/Gargoyle Hedged Value Fund Retail Class
RGHIX RiverPark/Gargoyle Hedged Value Instl
RWGIX RiverPark/Wedgewood Fund Class Institutional
RWGFX RiverPark/Wedgewood Fund Class Retail
Anyone own RWGFX ? I owned RWGFX in my Roth IRA. Switched the entire position last year to River Park Large Growth (RPXFX), managed by Mitch Rubin.
RPXFX has done pretty well, with roughly the same performance as RWGFX although the portfolio is quite different. But what about RiverPark's Small Cap Fund, which was also managed by Mitch Rubin? Its performance was terrible and the fund ended up closing.
Ideally I would want a fund that is not too large, but also not too small to be unsustainable.
RPXFX performance is similar to RWGFX, but has fallen way behind in attracting assets for some reason. I don't think its in danger of closing, but I'm sure the managers would prefer to be in at least the $100m+ range. And as I mentioned in my other post, a large cap fund can easily have billions in assets without noticeably affecting its strategy.
Anyone own RWGFX ? I owned RWGFX in my Roth IRA. Switched the entire position last year to River Park Large Growth (RPXFX), managed by Mitch Rubin. I prefer a fund with a small asset base (58 mil), especially given the sudden in-flows into RWGFX. RWGFX is very concentrated.
